On March 28, 2023,
Janney Montgomery Scott
upgraded
their outlook for Encore Capital Group (NASDAQ:ECPG) from Neutral to Buy.
Analyst Price Forecast Suggests 34.27% Upside
As of March 29, 2023,
the average one-year price target for Encore Capital Group is $65.28.
The forecasts range from a low of $56.56 to a high of $76.65.
The average price target represents an increase of 34.27% from its latest reported closing price of $48.62.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Encore Capital Group
is $1,361MM, a decrease of 2.67%.
The projected annual non-GAAP EPS
is $7.18.
What are Large Shareholders Doing?
IJR – iShares Core S&P Small-Cap ETF
holds 1,733K shares
representing 7.43% ownership of the company.
In it’s prior filing, the firm reported owning 1,745K shares, representing
a decrease
of 0.70%.
The firm
decreased
its portfolio allocation in ECPG by 4.77% over the last quarter.
Broad Run Investment Management
holds 1,508K shares
representing 6.46% ownership of the company.
In it’s prior filing, the firm reported owning 1,756K shares, representing
a decrease
of 16.46%.
The firm
decreased
its portfolio allocation in ECPG by 0.48% over the last quarter.
Turtle Creek Asset Management
holds 1,508K shares
representing 6.46% ownership of the company.
In it’s prior filing, the firm reported owning 1,465K shares, representing
an increase
of 2.83%.
The firm
decreased
its portfolio allocation in ECPG by 7.80% over the last quarter.
HFCSX – Hennessy Focus Fund Investor Class
holds 1,455K shares
representing 6.24% ownership of the company.
In it’s prior filing, the firm reported owning 1,480K shares, representing
a decrease
of 1.72%.
The firm
decreased
its portfolio allocation in ECPG by 15.56% over the last quarter.
FCPVX – Fidelity Small Cap Value Fund
holds 1,250K shares
representing 5.36% ownership of the company.
No change in the last quarter.
What is the Fund Sentiment?
There are 521 funds or institutions reporting positions in Encore Capital Group.
This is a decrease
of
24
owner(s) or 4.40% in the last quarter.
Average portfolio weight of all funds dedicated to ECPG is 0.19%,
a decrease
of 4.17%.
Total shares owned by institutions decreased
in the last three months by 4.00% to 31,819K shares.
The put/call ratio of ECPG is 2.71, indicating a
bearish
outlook.
Encore Capital Group Background Information
(This description is provided by the company.)
Encore Capital Group is an international specialty finance company that provides debt recovery solutions and other related services for consumers across a broad range of financial assets. Through its subsidiaries around the globe, Encore purchases portfolios of consumer receivables from major banks, credit unions, and utility providers.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
